What is SoftBank invested in?
SoftBank Group Corp.
The Group primarily invests in companies operating in technology, energy, and financial sectors. It also runs the Vision Fund, the world's largest technology-focused venture capital fund, with over $100 billion in capital.
SoftBank's Vision Funds and its other funds have invested in 475 startups globally.
SoftBank Group Corp.'s Masayoshi Son said he plans widespread cost cutting at his Japanese conglomerate and its Vision Fund investment arm after a record $23.4 billion loss on plunging portfolio valuations and foreign currency losses. Shares dropped.
Japanese tech investor SoftBank may end up investing around $1 billion in India in 2022, nearly a third of what it did last year, according to people closely tracking its plans. Last year, SoftBank undertook investments of $3.2 billion in 12 deals.
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SoftBank Vision Fund.
| Type | Private |
|---|---|
| Products | Investments |
| AUM | $154 billion (31 March 2021) |
| Parent | SoftBank Group |
| Website | www.visionfund.com |
SoftBank, on the other hand has invested in only one seed stage startup in India across two rounds, as per Tracxn data. The total funding across various seed stage rounds by both the investment majors is over $10 million.
SoftBank Group Corp has a Quality Score of 62, which is Strong.
SoftBank's $100 Billion Fund Lags Behind After Five Years of Investing - WSJ. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.
The Japanese conglomerate SoftBank reported on Monday its largest-ever quarterly loss, $23.4 billion, driven by poor performance of its flagship tech investments and a weak yen.
SoftBank is going through a tough time due to a crash in holdings of tech firms, the Russia-Ukraine war and China's regulatory crackdown and has thus slowed down new investments.
How much did SoftBank invested in Paytm?
The Japanese conglomerate invested $1.4 billion in Paytm via its Softbank Vision Fund 1. The fund's fair value is marked at $800 million as on March 31, 2022, the report showed.
The Japanese conglomerate has backed some of the biggest names in the Indian tech industry, including Paytm, Flipkart, Ola, Oyo, Swiggy, Delhivery, InMobi, and Lenskart to name a few. Lately, it has also invested in companies such as Zeta, Meesho, OfBusiness, and turned them into unicorns.
All this is making SoftBank's net debt of $140bn, the sixth-largest pile for any listed non-financial firm in the world, harder to manage.
By selling 45 million shares in Uber the SoftBank Vision Fund will cut its stake in the company by around a third. The Japanese technology investment group has lost a total of around $4bn on its stake in Chinese ride-hailing firm Didi, according to CNBC.
SoftBank Vision Fund posts record $27 billion loss as tech stocks plummet. SoftBank's Vision Fund posted a 3.5 trillion yen loss ($27.4 billion), the biggest loss since the investment fund began in 2017.
The growth strategy of our group is to create and expand diverse businesses in the information and technology fields beyond the framework of a telecommunications carrier, while utilizing the platform of our core telecommunications business. We intend to maximize our corporate value by promoting this growth strategy.
A woman walks past a SoftBank mobile shop in Tokyo.
Three days earlier, the company sold 5.4 million shares at $7.99 each. SoftBank still owns 83.2 million shares of the online banking services company, but it is unclear whether it will continue to divest itself of more shares.
- A Holdings Corporation. Strategic holding company that owns of Z Holdings Corporation shares.
- AGOOP Corp. Location-based big data business. ...
- ALES Corp. ...
- BB Backbone Corporation. ...
- BB Satellite Corp. ...
- BBIX, Inc. ...
- BBSS Corporation. ...
- BOLDLY Inc.
In reality, though, SoftBank is deep in a hole. The company and its Vision Fund put $16.9 billion into WeWork, in equity and debt.
Who Is Alibaba's Biggest Shareholder? Japan's SoftBank is believed to be BABA's largest shareholder, owning around 24% of the company.
What is SoftBank's strategy?
The growth strategy of our group is to create and expand diverse businesses in the information and technology fields beyond the framework of a telecommunications carrier, while utilizing the platform of our core telecommunications business. We intend to maximize our corporate value by promoting this growth strategy.
All this is making SoftBank's net debt of $140bn, the sixth-largest pile for any listed non-financial firm in the world, harder to manage.
Is SoftBank a good company to work for? SoftBank has an overall rating of 3.5 out of 5, based on over 236 reviews left anonymously by employees. 68% of employees would recommend working at SoftBank to a friend and 61% have a positive outlook for the business. This rating has been stable over the past 12 months.
SoftBank Group Corp has a Quality Score of 61, which is Strong.
SoftBank put more than $10 billion into WeWork, which went public last year and is now trading at less than $6 billion. And after the Arm deal with Nvidia collapsed, SoftBank plans to take the chip design company public instead.
WeWork's major problem is its occupancy rate & average revenue per member. As per a stat, the occupancy rate of WeWork fell to 80% in 2019. And, the average revenue per member fell to $ 6,360 a year. Once, you've built a premium coworking space, you need to charge a premium price for it.
June 2020. Investors who bought shares in WeWork prior to the failed IPO file a class-action lawsuit against WeWork and SoftBank. The investors allege that WeWork downplayed losses and overhyped its business plan. McKelvey announces his departure from the company soon after the lawsuit. 2021.
Alibaba is smaller than Amazon, but it's only growing a slightly faster rate. Alibaba's revenue rose 41% in fiscal 2021 (which ended in March), or just 32% after excluding its takeover of the hypermarket operator Sun Art. Alibaba expects its revenue to rise 20% to 23% in fiscal 2022.
SoftBank has raised money by selling derivatives linked to Alibaba shares since at least 2016, opting for such complex transactions instead of a straight sale to reduce pressure on the Chinese company's share price.
Alibaba Group founder Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent days, two sources told Reuters.
How is SoftBank Vision Fund doing?
SoftBank Vision Fund posts record $27 billion loss as tech stocks plummet. SoftBank's Vision Fund posted a 3.5 trillion yen loss ($27.4 billion), the biggest loss since the investment fund began in 2017.
SoftBank Capital is a venture capital group in the United States, focusing on technology and telecom early stage businesses. It was founded by SoftBank. Since 2015 it does not actively make investments, but it continues to oversee its prior portfolio.
Arm, which SoftBank acquired in 2016, is a leader in artificial intelligence, IoT, cloud, the metaverse and autonomous driving, with sales and profit growing in recent years. Its semiconductor design is widely licensed and used in virtually all smartphones, the majority of tablets and digital TVs.
